Add-on Acquisition • Financial Services

Home Bank Acquires Stonegate Bank

On September 26, 2017, Home Bank acquired financial services company Stonegate Bank for 792M USD

Acquisition Context
  • This is Home Bank’s 8th transaction in the Financial Services sector.
  • This is Home Bank’s largest (disclosed) transaction.
  • This is Home Bank’s 8th transaction in the United States.
  • This is Home Bank’s 6th transaction in Florida.

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M&A Deal Summary

Date September 26, 2017
Target Stonegate Bank
Sector Financial Services
Buyer(s) Home Bank
Deal Type Add-on Acquisition
Deal Value 792M USD
Advisor(s) Hovde Group (Financial)
Squire Patton Boggs (Legal)

Target Company

Stonegate Bank

Pompano Beach, Florida, United States
Stonegate Bank is a provider of private and commercial banking services. Stonegate Bank was founded in 2005 and is based in Pompano Beach, Florida.
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Buyer Overview 1

Buyer

Home Bank

Conway, Arkansas, United States

Category Company
Founded 1998
Sector Financial Services
Employees2,552
Revenue 1.0B USD (2024)
DESCRIPTION

Home Bank is a bank holding company for Centennial Bank provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Home Bank was founded in 1998 and is based in Conway, Arkansas.


Deal Context for Buyer #
Overall 8 of 10
Sector: Financial Services 8 of 10
Type: Add-on Acquisition 5 of 5
State: Florida 6 of 6
Country: United States 8 of 10
Year: 2017 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-07 Giant Holdings

Fort Lauderdale, Florida, United States

Giant Holdings, Inc. is a provider of financial services. GHI currently operates six branch locations in the Ft. Lauderdale area.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-19 People s United Financial - LH-Finance

Connecticut, United States

People's United Financial, Inc.'s LH-Finance is a marine lending division based in Connecticut, United States.

Buy -